dealnews Announces Appointment of New Director of Marketing

dealnews.com, Inc., a leader in web-based shopping, announced
the appointment of John Allen as Director of Marketing. Allen
will build on dealnews' dramatic recent growth to position the
company as a premium portal for sales, discounts and bargains
on consumer technology products aimed at the elusive 18-40 male
market."dealnews' revenues are on pace to triple in three
years, said Dan de Grandpre, CEO of dealnews. "We're near a
point of critical mass where we can dominate the landscape of
online bargain-hunting for our market segment. We're excited to
have John onboard. His combination of technical know-how,
marketing savvy, and industry experience comes at a critical
time to our company as we develop our vision for the next three
years.

Allen brings a proven ability to reshape product and refocus
company efforts. Allen's experience includes 9 years as the
product-marketing manager for Intergraph, taking their
Networking Products from zero to over 12 million in sales and
ultimately licensing those products to Microsoft. As WireSpeed
Communication's VP of Sales and Marketing, Allen successfully
increased revenues from $750,000 to over $2.5 million in fewer
than two years culminating with the sale of WireSpeed to Red
Hat, Inc. At Aquatex Industries, Allen successfully re-branded
and re-launched the company's Hydroweave fabric, signing an
exclusive agreement with 3M in January 2001.

Collectively, dealnews' sites generate 1.7 million sales leads
per month, up 50% from one year ago. "We have extremely good
viewer retention with over 90 percent of our traffic coming
from repeat visitors," said Allen. "Our readers trust us
because we only publish what are genuinely the best deals
available, banning unreliable vendors. My challenge is to find
ways to bring new readers into our site."

About dealnews.com, Inc.

Relying on thousands of monthly reader submissions, expert
editorial research, and proprietary automated search agents,
dealnews.com reports on the best bargains that can be found on
a wide range of consumer technology products, including iPods,
flat-panel TVs, computers and components, DVD burners, wireless
networking, gadgets, and more. Launched in 1997, dealnews'
services are nationally recognized and have achieved awards and
recommendations from The New York Times, PC World, Computer
Shopper, The Washington Post, ZDNet, and many others. dealnews
is headquartered in Huntsville, Alabama.